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Trump tariffs: Nike says US trade policies could cost it $1bn
Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade policies.
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scmp.com
Nike says US tariffs will add US$1 billion to costs, plans to reduce China production
Sportswear giant has already announced price increases to partly mitigate the impact of US President Donald Trump’s tariffs.
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Nike plans to reduce China production to soften US tariff blow, shares jump
Sportswear giant has already announced price increases to partly mitigate the impact of US President Donald Trump’s tariffs.
